XpertHR benefits and allowances survey 2023
Bar Huberman, content manager, HR strategy & practice at XpertHR, comments on World Mental Health Day
Related reading to support World Mental Health Day – 10 October 2023
- Young expats struggling the most with mental health – is social media the cause?
- Wellbeing revolution: Over eight in ten businesses seeing increased employee demand for more work wellbeing benefits
- Data shows what organisations can learn from leaders’ wellbeing to support other employees
- Wellbeing webinars
XpertHR – insights for World Mental Health Day:
- Following the pandemic and the ongoing cost of living crisis, many employers are looking into how they can better support employees with mental health issues. The latest XpertHR benefits and allowances survey shows an employee assistance programme (EAP), or counselling service, is the most commonly provided health and wellbeing benefit, offered by more than eight in 10 organisations (84%). Mental health support is offered by 60% of organisations.
- Whilst counselling or an EAP has been the most common health-related benefit offered by employers since 2020, there has been a greater shift to a holistic approach to wellbeing in the past year. In order to encompass mental wellbeing into existing health packages, more than half (53%) of organisations now provide digital wellbeing resources, allowing employees to access support whenever they need it.
- The cost-of-living crisis has placed a significant financial strain on many employees, with the subsequent stress and anxiety of this resulting in mental health issues. Employers are increasingly recognising the need to accommodate for these needs, with almost a third (30%) of organisations offering financial wellbeing programmes tailored to help employees navigate financial hardship and achieve their financial goals.
- Although these statistics are encouraging, further support is needed as we look to the future. For instance, only 40% of smaller organisations offer digital wellbeing resources in comparison to 71% of larger employers.
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